Get Approved at The Lowest Rate
Navigating the process of buying a new home in Downey, CA while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Downey, CA or getting it ready for the market.
Identify the new home you want to buy in Downey, CA, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Downey, CA often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Downey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Downey, CA. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Downey, CA do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Downey, CA may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Downey, CA provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Downey, CA to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Downey offer a convenient financing solution for those looking to purchase a new home before selling their current one. This allows for a smoother transition between properties without the stress of timing constraints. Downey, California, boasts a diverse population with a mix of cultures, making it a vibrant and welcoming community. The city's demographic makeup includes a blend of young professionals, families, and retirees, creating a dynamic environment for residents. The housing market in Downey is competitive yet stable, with a range of single-family homes, townhouses, and condos available. Property values have been seeing steady growth, making it a promising investment location for those looking to secure their financial future. Downey offers a variety of attractions for residents and visitors alike, including the Columbia Memorial Space Center, Stonewood Center Mall, and Wilderness Park. The city's lively dining scene and proximity to Los Angeles make it a desirable location for entertainment and recreation.
Benefits of Bridge Loans in Downey, California
